193.105(2)
(2)
Penalty for misuse of term “cooperative". A business entity that violates sub.
(1) may be fined not more than $250. Each day of improper use constitutes a separate offense.
193.105 History
History: 2005 a. 441.
193.111
193.111
Filing fees and other requirements. 193.111(1)(1)
Except as provided under sub.
(2), the department shall charge and collect for:
193.111(1)(a)
(a) Filing articles for a new cooperative, $25, if the new cooperative is organized with no capital stock. If the new cooperative is organized with capital stock, the department may charge $1.25 for each $1,000 of capital stock, or $25, whichever is greater.
193.111(1)(b)
(b) Filing an amendment to or restatement of the articles or articles of consolidation or division, $25, except that no fee may be collected for any of the following:
193.111(1)(b)1.
1. An amendment showing only a change of address resulting from the action of a governmental agency if there is no corresponding change in physical location and if 2 copies of the notice of the action are submitted to the department.
193.111(1)(b)2.
2. An amendment or statement filed to reflect only a change in the name of a registered agent.
193.111(1)(e)
(e) Receiving service of any process, notice, or demand, authorized to be served on the department by this chapter, an amount equal to the fee established under s.
182.01 (4) (c).
193.111(1)(g)
(g) Filing a report of names and addresses of officers or directors, $3.
193.111(1)(h)
(h) Processing in an expeditious manner a document required or permitted to be filed or recorded under this chapter, an amount equal to the fee established under s.
182.01 (4) (d), in addition to the fee required by other provisions of this chapter.
193.111(2)
(2) The department, by rule, may specify a larger fee for filing documents described in sub.
(1) in paper format.
193.111(3)
(3) No document may be filed or recorded until all fees for the document have been paid.
193.111(4)
(4) The department shall endorse on any document filed with the department the word “filed" or a similar word determined by the department and the month, day, and year of filing, record the document in the office of the department, and return the document to the person or entity who delivered it for filing.
193.111 History
History: 2005 a. 441.
193.115
193.115
Registered office and agent. 193.115(1)(1)
Registered office and agent required. A cooperative shall establish and continuously maintain in this state all of the following:
193.115(1)(a)
(a) A registered office which may be, but need not be, the same as the cooperative's place of business.
193.115(1)(b)
(b) A registered agent, which agent may be an individual resident of this state whose business office is identical to the registered office, a domestic business entity, or a foreign business entity authorized to transact business in this state, having an office identical to the registered office.
193.115(2)
(2)
Designation of initial office and agent. The organizers of a cooperative shall designate the cooperative's initial registered office and agent by filing with the department, along with the original articles of organization under s.
193.215 (1), a statement setting forth all of the following:
193.115(2)(d)
(d) That the address of its registered office and the address of the business office of its registered agent are identical.
193.115(2m)
(2m)
Change of office and agent. Except as provided in sub.
(5), a cooperative may change its registered office or agent by filing with the department a statement setting forth all of the following:
193.115(2m)(c)
(c) If the address of its registered office is to be changed, the address to which the registered office is to be changed.
193.115(2m)(e)
(e) If its registered agent is to be changed, the name of its successor registered agent.
193.115(2m)(f)
(f) That the address of its registered office and the address of the business office of its registered agent, as changed, will be identical.
193.115(2m)(g)
(g) That any change was authorized by affirmative vote of a majority of the board.
193.115(3)
(3)
Duties of department; effective date of change. Upon receipt of a statement delivered under sub.
(2) or
(2m), the department shall examine the statement to ensure that it conforms to the applicable requirements of this section. If the department finds that the statement conforms to the applicable requirements of this section, the department shall file the statement. Any change designated in a statement delivered under sub.
(2m) takes effect upon filing of the statement by the department.
193.115(4)
(4)
Resignation of Agent. Any registered agent of a cooperative may resign as agent by filing with the department a written notice of resignation, together with one exact or conformed copy. The department shall mail a copy of the notice to the cooperative at its principal mailing address as determined by the department. The resignation takes effect on the first day of the 2nd month beginning after receipt of the notice by the department.
193.115(5)
(5)
Change of Address or Name of Agent. If the address or name of a registered agent changes, the agent shall change the address of the registered office or the name of the registered agent, as applicable, of the cooperative that appointed the agent by filing with the department the statement required under sub.
(2m), except that the statement need only be signed by the registered agent, need not satisfy sub.
(2m) (e) or
(g), and shall state that a copy of the statement has been mailed to the cooperative or to the legal representative of the cooperative.
193.115 History
History: 2005 a. 441.
193.121
193.121
Legal recognition of electronic records and signatures. For the purpose of satisfying
15 USC 7002 (a) (2) (B) as that statute relates to this chapter, this state acknowledges the existence of the Electronic Signatures in Global and National Commerce Act,
15 USC 7001 to
7031.
193.121 History
History: 2005 a. 441.
ORGANIZATION
193.201
193.201
Organizational purpose. Except as provided in s.
193.203, a cooperative may be formed and organized on a cooperative plan for patrons as provided under this chapter for any of the following purposes:
193.201(1)
(1) To market, process, or otherwise change the form or marketability of products, including crops, livestock, and other agricultural products; to manufacture products; to accomplish other purposes that are necessary or convenient to facilitate the production or marketing of products by patron members and others; and to accomplish other purposes that are related to the business of the cooperative.
193.201(2)
(2) To provide products, supplies, and services to its members.
193.201(3)
(3) To accomplish any other lawful purpose.
193.201 History
History: 2005 a. 441.
193.203
193.203
Exceptions. No cooperative may be organized under this chapter for the purpose of furnishing natural gas, heat, light, power, or water to its members.
193.203 History
History: 2005 a. 441.
193.205(1)(1)
Qualification. A cooperative may be organized by one or more organizers who shall be individuals over the age of 18, who may act for themselves as individuals or as the agents of other entities. The organizers forming the cooperative need not be members of the cooperative.
193.205(2)
(2)
Role of organizers. If the cooperative's initial board is not named in the articles, the organizers may elect the initial board or may act as directors with all of the powers, rights, duties, and liabilities of directors, until the board is elected or until a contribution is accepted, whichever occurs first.
193.205(3)
(3)
Meeting or written action. After the articles are filed, the organizers or the board named in the articles, as applicable, shall hold an organizational meeting at the call of a majority of the organizers or of the board, as applicable, or take written action for the purposes of transacting business and taking actions appropriate to complete the organization of the cooperative. If a meeting is held under this subsection, the person or persons calling the meeting shall give at least 3 days prior notice of the meeting to each organizer or director, as applicable, stating the date, time, and place of the meeting. An organizer or director may waive notice of an organizational meeting in the same manner that a director may waive notice of meetings of the board.
193.205 History
History: 2005 a. 441.
193.211(1)(1)
Distinguishable name. The name of a cooperative shall distinguish the cooperative upon the records of the department from the name of all business entities authorized to do business in this state and all names the right to which are, at the time of organization, reserved or provided for by law.
193.211(2)
(2)
Reservation; contest of name. A cooperative's name is reserved for use by the cooperative during the cooperative's existence, except that a person doing business in this state may contest the cooperative's use of the name as provided by law.
193.211 History
History: 2005 a. 441.
193.215
193.215
Articles of organization and notice of mailing address. 193.215(1)(1)
Filing required. The organizers of a cooperative shall file with the department the cooperative's original articles as specified under sub.
(2), together with the statement required under s.
193.115 (2) and a statement listing the current mailing address of the cooperative.
193.215(2)(a)4.
4. The duration of the cooperative, if the duration is not to be perpetual.
193.215(2)(b)
(b) The articles may contain any other lawful provision.
193.215(3)
(3)
Effect of proper filing. Upon compliance with sub.
(1), all of the following apply:
193.215(3)(a)
(a) It is presumed that all conditions precedent to organizing the cooperative that are required to be performed by the organizers have been satisfied.
193.215(3)(b)
(b) The cooperative is chartered by this state as a separate legal entity with perpetual duration or any other duration stated in the articles under sub.
(2) (a) 4. 193.215(3)(c)
(c) The department shall issue a certificate of organization to the cooperative.
193.215(4)
(4)
Change of mailing address. If the mailing address of the cooperative changes, the cooperative shall file with the department a statement notifying the department of the change of address.
193.215 History
History: 2005 a. 441.
193.221
193.221
Amendment of articles. 193.221(1)(a)(a) Except as provided under sub.
(3), the articles of a cooperative may be amended as follows:
193.221(1)(a)1.
1. The board by majority vote may adopt a resolution stating the text of the proposed amendment. The text of the proposed amendment and, if approved by the board, an attached mail or alternative ballot, shall be mailed or otherwise distributed with any regular or special meeting notice to each member. The notice shall designate the time and place of the meeting at which the proposed amendment will be considered and voted on.
193.221(1)(a)2.
2. If a quorum of the members is registered as being present or represented by alternative vote at the meeting specified in the notice under subd.
1., the proposed amendment may be adopted by the following means, as applicable:
193.221(1)(a)2.b.
b. For a cooperative with articles or bylaws requiring more than majority approval or other conditions for approval, by a sufficient vote as required under the articles or bylaws or by satisfying the other conditions for approval.
193.221(1)(b)
(b) The articles may be amended as restated articles using the procedure under par.
(a). If restated articles are adopted, the restated articles supersede all prior articles and amendments to the articles.
193.221(1)(c)
(c) After an amendment or restated articles are adopted under par.
(a) or
(b), the chair, vice-chair, records officer, or assistant records officer of the cooperative shall sign the amendment or restated articles and promptly file a copy with the department.
193.221(2)(a)(a) If an amendment or restated articles are adopted under sub.
(1), the board shall prepare a certificate containing all of the following:
193.221(2)(a)1.
1. A statement listing the date of the meeting at which the board adopted the resolution concerning the proposed amendment under sub.
(1) (a) 1. or the restated articles and the vote of the board.
193.221(2)(a)4.
4. A listing of the votes cast adopting the amendment or the restated articles at the meeting under sub.
(1) (a) 2. 193.221(2)(b)
(b) The chair, vice-chair, records officer, or financial officer of the cooperative shall sign the certificate and file the certificate with the records of the cooperative.
